Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 16. Directors 16.1 Appointments | Reappointments | Cessations 16.1.1 According to the Articles of Association of the Company, Mr Gopi Kannan Thirukonda retires by rotation and being eligible, offers himself for reappointment at the AGM scheduled on September 24, 2021. 16.2 Policies on appointment and remuneration 16.2.1 Appointment While recommending appointment of the Directors, the Nomination and Remuneration Committee considers the following factors: i) Qual i f icat ion : wel l -educated and experienced in senior leadershippositions in industry | profession ii) Traits: positive attributes and qualities iii) Independence: criteria prescribed in Section 149(6) of the Companies Act, 2013 for the Independent Directors, including no pecuniary interest and conflict of interest 16.2.2 Remuneration of the Non-executive Directors Sitting fees: ` 20,000 for attending a Board meeting and Audit Committee meeting, and ` 10,000 for attending any other Committee meeting 16.3 Criteria and method of annual evaluation 16.3.1 The criteria for evaluation of performance of i) the Non-independent Directors (Executive), ii) theNon-independent Directors Non-executive, iii) the Independent Directors, iv) the Chairman, v) the Committees of the Board and vi) the Board as a whole are summarised in the table at the end of the Directors’ Report at page number 10. 16.3.2 The Independent Directors have carried out annual: i) r e v i ew o f pe r f o rman c e o f t he Non-independent Directors - Executive, ii) r e v i ew o f pe r f o rman c e o f t he N o n - i n d e p e n d e n t D i r e c t o r s - Non-executive, iii) review of performance of the Chairman, assessment of quality, quantity and timeliness of the flow of information to the Board and iv) review of performance of the Board as a whole. 16.3.3 The Board has carried out annual evaluation of performance of: i) its committees namely Audit, Corporate Social Responsibi l i ty, Nominat ion and Remunerat ion, Stakeholders Relationship ii) the Independent Directors The templates for the above purpose were circulated in advance for feedback of the Directors. 16.4 Familiarisation programs for the Independent Directors The Company has familiarisation programs for its Independent Directors. It comprises, amongst others, presentations by and discussions with the Senior Management on the nature of the industries in which it operates, its vision and strategy, its organisation structure and relevant regulatory changes. 17. Key Manager ial Personnel and other employees 17.1 Appointments and cessations of the Key Managerial Personnel There were no appointments | cessations of the Key Managerial Personnel during 2020-21. 17.2 Remuneration The Remuneration Policy of the Key Managerial